smartMoney

Nifty index is comfortably trading above the important mark of 10,100 in the closing hour. Nifty Pharma index has been moving higher in the afternoon hours. Dr Reddy’s is top gainer in the index trading at Rs 2,481.4 per share, up by Rs 166 per share or 7.2%. Cipla and Divi’s Lab are also among the top gainers trading higher by more than 4%. Other pharma stocks including Sun Pharma, Lupin, Cadila and Aurobindo Pharma are also trading higher by up to 3%. At 3 PM, the S&P BSE Sensex is trading at 32,406 up 5 points, while Nifty is trading at 10,130 down 10 points. A total of 53 stocks registered a fresh 52-week high in trade today, while 15 stocks touched a new 52-week low on the NSE. There are 623 advances, 1,013 declines and 324 unchanged stocks on NSE reflecting negative undertone. The BSE Mid-cap Index is trading down 0.17% at 16,071 and BSE Small-cap Index is trading down by 0.37% at 16,809. There is some buying activity seen in the pharma sector wh...

   Share India Securities Limited, engaged in the business of equity broking, investing and trading activities, proposes to open its public issue of up to 64,32,000 Equity Shares of face value of Rs. 10 each for cash at price of Rs. 41 per Equity Share, aggregating up to Rs 2637 lakh, on September 21, 2017. The issue oversubscribed by 1.23 times and received total bids of 78,99,000 shares as of 1440 hours on BSE. The fresh issue will be of Rs 2432 lakh, Offer for Sale for public for would be for Rs.205 lakh. 3,24,000 shares will be reserved for market maker. The issue (including market maker portion) and the net issue (excluding market maker portion) will constitute 26.33% and 25.01%, respectively of the post issue paid up equity share capital. The Lead Manager to the Issue is Hem Securities Limited, a leading player in SME IPOs and the Registrar to the Offer is Bigshare Services Pvt. Ltd. The Issue will close on Sept.26, 2017.The shares will be listed on B...

Nifty Pharma index was the top gainer among the sectoral indices on NSE during early hours of trade on Thursday. The index traded higher by 1.12% at 9,424 level majorly contributed by Dr. Reddy’s Laboratories. On the index, there are 10 advances and 0 declines, indicating a bullish undertone. The index witnessed an intraday high of 9,431 level and intraday low of 9,363 level. The index witnessed a 30-day change of 11.32%. Other stocks in the index viz. Divi’s Laboratories gained 2.35% at Rs 964.95 per share, Cipla gained 1.02% at Rs 575.50 per share, Glenmark Pharma gained 0.90% at Rs 615.70 per share and Aurobindo Pharma gained 0.77% at Rs 751.30 per share. Meanwhile, BSE Sensex gained 31.24 points at 32,431 level after opening in the negative territory and Nifty 50 index gained 7 points at 10,148 level at 0940 hours on Thursday.  Click Here For Free Trial :  

At 09:15 AM, Nifty opened at 10,139 level, down by 2 points while Sensex opened at 32,406 level, up by 6 points on Thursday. There are 857 advances, 521 declines and 449 unchanged stocks on NSE reflecting strong positive sentiments floating in the market. Dr Reddy’s Lab is top Nifty gainer trading at Rs 2,357 per share, up by 1.86% whereas Coal India is top Nifty loser trading at Rs 254.75 per share, down by 0.7%. On the upside, if Nifty manages to sustain above 10,180 it may scale up to levels of 10,200-10,240, whereas on the downside, a breach of 10,130 may open for correction up to the levels of 10,115-10,080. The rupee opened at 64.50 per USD. The Dow Industrial and the S&P 500 market set new record closing highs. The Dow Jones Industrial Average gained 42 points to finish at 22,413. The S&P 500 rose 2 points to close at 2,508. The Nasdaq Composite Index lost 5 points to close at 6,456. Asian equity markets struggled for direction on Thursd...

The Finance Minister Arun Jaitley   announced in a press conference on Wednesday that the Central government will be transferring three more of the ITDC properties to the states for the purpose of development. Indian Tourism Development Corporation (ITDC) had announced on Tuesday that it has signed a Memorandum of Understanding (MoU) with Arunachal Pradesh Industrial Development and Financial Corp Ltd (APIDFC), Donyi Polo Ashok Hotel Corporation Limited (DPAHCL) and Government of Arunachal Pradesh (GoAP), making an agreement to transfer 51% equity stake of ITDC in DPAHCL, the joint venture subsidiary company, to APIDFC/GoAP, the company said in a BSE filing on Tuesday. ITDC surged during Wednesday’s trade, breaching its upper circuit of Rs 595.10 per share, up by 19.99% on the BSE on Wednesday. The stock also witnessed a spurt in its volume by more than 12.64 times. The stock had hit its 52-week high of Rs 745.80 per share on April 24, 2017 and its 52...

SBI Life Insurance Company IPO issue got subscribed by 0.03x as of 1200 hours. The total size of the issue stands at 8,82,00,000 shares. It received total bids for 22,22,787 shares, while the total bids received at cut-off price stood at 18,77,736 shares.   SBI Life Insurance Company had raised Rs 2,226 crore by allotting 3.18 crore shares to 69 anchor investors on Tuesday post market hours. The objectives of the offer are to achieve the benefits of listing equity shares on the stock exchanges and to carry out the sale of up to 12 crore equity shares by the promoter selling shareholders. The listing of equity shares will enhance the “SBI Life” brand name and provide liquidity to the existing shareholders. The listing will also provide a public market for Equity Shares in India. The company will not receive any proceeds from the offer.   JM Financial Institutional Securities Limited, Axis Capital Limited, BNP Paribas, Citigroup Globa...

Gujarat Apollo Industries has bought back 9.98 lakh shares from May 4 to September 19 for a total amount of Rs 17.86 crore, the company said in a filing to the bourses. As on September 19, 2017, the equity shares bought back by the company in the buyback programme being 9,98,085 equity shares amounts to about 78.60% of the proposed maximum buyback quantity of 12,69,841 equity shares, said the company in a BSE filing on Tuesday post market hours. The stock of Gujarat Apollo Industries was trading at Rs 278.50 per share, up by Rs 0.10 or 0.04% as at 1041 hours on Wednesday, on the BSE. The stock hit an intraday high and low of Rs 283 and Rs 277.35, respectively. The stock attracted a traded volume of 4,129 shares and traded value of Rs 11.54 lakh on the NSE. The company had hit its 52-week high of Rs 309.80 on September 13, 2017, and 52-week low of Rs 114.20 on September 21, 2016, on the NSE. Gujarat Apollo Industries Limited is an India-based company ...